Delivered 12 Vicinity buses in the fourth quarter of 2021, eight of which were sold from the Company's lease pool and excluded from revenue, as compared to six for the fourth quarter of 2020.Delivered 131 Vicinity buses in 2021, as compared to 55 buses delivered in 2020.Subsequent to the close of the fourth quarter, the Company completed a $12 million financing to fully fund the Ferndale, Washington facility, in addition to being awarded a CAD$2.6 million non-repayable grant from a Canadian government foundation.Fortified its balance sheet through a CAD$10.3 million debt financing, a $17.0 million underwritten public offering of common shares supplementing Vicinity's undrawn CAD$20.0 million revolving credit facility and driving a $4.4 million cash position.Announced strategic collaboration agreement with EAVX, a business unit of North American commercial automotive leader JB Poindexter, to sell Vicinity's proprietary electric chassis for upfitting into next-generation municipal and delivery vehicles.Agreement enables access to $30 million in orders for the Optimal E1 and S1 products.Signed a 10-year licensing agreement to serve as the exclusive North American and European distributor for Optimal-EV, a developer and manufacturer in the low-floor electric shuttle bus and electric delivery truck segments.Secured order backlog exceeding CAD$100 million intended for delivery in 2022, including orders for over 2 EV trucks from Canadian automotive dealers.
Vicinity motors aktie full#
(NASDAQ:VEV)(TSX-V:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2021.įourth Quarter 2021 and Subsequent Operational Highlights VANCOUVER, BC / ACCESSWIRE / Ma/ Vicinity Motor Corp. Fourth Quarter Illustrates Inherently Fluctuating Nature of Transit Bus Revenue Amongst a Record Full Year
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